GameStop said its board approved CEO Ryan Cohen’s request on June 23 to withdraw a proposed performance award.

The company said its leadership should stay focused on operating performance and its potential acquisition of eBay.

The January 2026 package would have granted Cohen options over 171.5 million shares.

The award would have vested in nine tranches based on financial performance targets.

GameStop said Cohen receives no salary, cash bonus, or time-vested stock.

GameStop’s statement followed eBay’s rejection in May of GameStop’s unsolicited, non-binding US$56 billion bid.

eBay said the proposal was neither credible nor attractive after reviewing six factors, including financing uncertainty, long-term growth and profitability, leverage and operational risks, valuation, and GameStop’s governance and executive incentives.

🔗 Source: Reuters